Best Retirement Lawyers in Thomson

About Retirement Law in Thomson, Singapore:

Retirement in Thomson, Singapore is governed by a set of laws and regulations to protect the rights and interests of individuals as they transition into retirement. These laws cover various aspects such as retirement age, savings and pensions, healthcare benefits, and estate planning.

Why You May Need a Lawyer:

You may need a lawyer for Retirement in Thomson, Singapore to help you navigate complex legal matters related to retirement planning, pension disputes, estate planning, and drafting of wills. A lawyer can provide you with expert advice, representation in legal proceedings, and ensure that your rights are protected.

Local Laws Overview:

In Thomson, Singapore, the Retirement and Re-employment Act stipulates the retirement age and re-employment practices for employees aged 62 and above. The Central Provident Fund (CPF) Act governs the mandatory savings and pension scheme for Singaporean and Permanent Resident employees. Additionally, the Mental Capacity Act outlines the legal framework for advance care planning and decision-making in case of mental incapacity.

Frequently Asked Questions:

1. What is the retirement age in Thomson, Singapore?

The retirement age in Thomson, Singapore is currently set at 62 years old.

2. Can I continue working after reaching the retirement age?

Yes, under the Retirement and Re-employment Act, employers are required to offer re-employment to eligible employees up to the age of 67.

3. How does the CPF scheme work in Singapore?

The CPF scheme is a mandatory savings scheme where both employers and employees contribute a percentage of their salaries to their CPF accounts for retirement, healthcare, and housing needs.

4. Do I need to make a will for my retirement planning?

Having a will is crucial for estate planning during retirement to ensure that your assets are distributed according to your wishes. A lawyer can assist you in drafting a valid will.

5. What are the benefits of advance care planning?

Advance care planning allows you to make decisions about your future healthcare and treatment preferences in case you become unable to make decisions for yourself. This can provide peace of mind for you and your loved ones.

Additional Resources:

For more information on Retirement in Thomson, Singapore, you can refer to the Ministry of Manpower (MOM) website, Central Provident Fund (CPF) Board, and the Office of the Public Guardian.

Next Steps:

If you require legal assistance for Retirement in Thomson, Singapore, it is recommended to consult with a qualified lawyer who specializes in retirement planning and elder law. They can provide you with personalized advice and guidance based on your individual circumstances.